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Financial flows and international imbalances - the role of catching-up by late industrialising developing countries
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Financial flows and international imbalances - the role of catching-up by late industrialising developing countries

31 Seiten · 4,54 EUR
(13. März 2009)

 
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Jan Kregel holds that while the traditional approach to the adjustment of international imbalances assumes industrialised countries at a similar level of development and with similar production structures, such imbalances have historically been the result of a process of catching up by late-industrialising developing countries. This may call for an alternative approach that assesses how the imbalances can be managed in order to support developing countries? efforts to achieve successful industrialisation and integration into the global trade and financial system. In this light, Kregel?s chapter presents an alternative explanation of the existence and persistence of the currently high levels of imbalances and suggests reasons why they may persist in the medium term.

zitierfähiger Aufsatz aus ...
Finance-led Capitalism?
Eckhard Hein, Torsten Niechoj, Peter Spahn, Achim Truger (eds.):
Finance-led Capitalism?
the author
Jan Kregel
Jan Kregel

Jan Kregel is Senior Scholar, Levy Economics Institute of Bard College, New York, Distinguished Research Professor, Center for Full Employment and Price Stability, University of Missouri-Kansas City (all USA), and Professor of Development Finance, Tallinn University of Technology, Estonia.

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